Barcelona-based content packager Media Park is studying the possibility of launching an initial public offer on at least a part of its shares.

In a press statement, the group said that details and timing of the possible flotation are yet to be decided, dependent on Spain's market performance and the "global behaviour of the new economy in this second semester of the year."

Earlier this month, Telefonica bought a 25% share in Media Park in what was widely seen as a politically-motivated move to win support in the Catalan region. Telefonica paid a reported $60m (PTS10,500m), as much as five times what the shares were valued at the time.

Media Park's shareholders now include Grupo Equip (29.2%), Telefonica (25%), Iberdrola (19.13%), Skandia MI (11.22%), CCRTV (11.22%), Antena 3 (3.19%) and Philips (1.4%).